Exhibit 99.1 ------------ Continuation SheetBettino Larry • December 22nd, 2003 • Communications equipment, nec
Note (1): On December 15, 2003, pursuant to the terms of the Amended and Restated Securities Purchase Agreement, dated as of October 21, 2003, by and among Warburg Pincus Private Equity VIII, L.P., a Delaware limited partnership ("WP VIII"), Proxim Corporation (the "Company"), and the other purchasers named therein, the Company exercised its right to require WP VIII to purchase $8,666,667 in aggregate principal amount of senior secured promissory notes. On December 19, 2003, the Company issued to WP VIII the Senior Secured Promissory Note in such amount (the "Senior 2003 Note"). The Senior 2003 Note has the same terms as, but ranks senior to, the Company's outstanding Secured Subordinated Promissory Notes, including the Secured Subordinated Promissory Note in the aggregate principal amount of $26,000,000 held by WP VIII. The Senior 2003 Note is exchangeable at any time at the option of WP VIII for shares of Series B Convertible Preferred Stock of the Company, $0.01 par value per share
